SSS Maternity Benefits Computation for 2022 | guideph.com
Do you wish to know just how much can you get if you would like to obtain on your own of the SSS Maternal Advantage?
To use the SSS Maternity Benefits, you must first examine your SSS regular monthly contributions and make sure that you paid the needed month.
The female member needs to pay at least 3 (3) monthly payments to receive the SSS maternity advantage. However, those 3 (3) months need to be within the twelve months before the Semester of Contingency.
What is the Semester of Contingency?
Contingency describes the month of the childbirth/delivery, losing the unborn baby, emergency situation termination of maternity (consisting of stillbirths) of the female worker that will certainly fall on.
The semester of contingency describes a period of 2 (2) successive quarters ending in the quarter of contingency.
A quarter of contingency refers to a duration of three (3) successive calendar months ending on the last day of March, June, September, and December. There are four quarters of backup in a year:
First Quarter of Contingency January 1-- March 31
Second Quarter of Contingency April 1-- June 30
Third Quarter of Contingency July 1-- September 30
Fourth Quarter of Contingency October 1-- December 31
Suppose the real-time giving birth, losing the unborn baby, emergency termination of maternity falls on the months from January 1 to March 31. In that instance, your semester of contingency will be from October of the previous year approximately March.
For live childbirth, miscarriage, and also emergency situation pregnancy termination in April, May, and June, your term of contingency will certainly be from January to June.
As well as if you delivered or had a losing the unborn baby or emergency pregnancy discontinuation in July, August, as well as September, your semester of backup will certainly be from April to September.
As well as lastly, if you delivered or had a losing the unborn baby or emergency maternity termination in October, November, and December, your semester of backup will be from July to December.
It is claimed above that for a female employee to qualify for the SSS Maternity Benefits, she has to pay a minimum of 3 (3) months of her monthly payment within the twelve (12) months prior to her term of backup. So, if giving birth, losing the unborn baby, and emergency situation maternity discontinuation take place on the:
( Please refer to the legend):
Fourth-quarter of contingency
How to Compute Maternity Benefits?
The adhering to tips are required for the formula for computing the Maternity Advantage.
SSS Monthly Contributions
It is easy to determine your month-to-month payments if you are a voluntary contributor because you will determine the total up to add monthly.
For a female worker that helps an employer, the regular monthly contribution reflected on the pay slip is not the total amount paid to the SSS. The company likewise shares a certain amount to pay the worker's month-to-month payment.
To compute the Maternity Benefits of the women employee, you have to identify how much is the complete amount of the monthly contribution, including the amount paid by the employer and your Monthly Salary Credit.
SSS Monthly Salary Credit
Monthly Wage Credit is the payment base for payments as well as benefits as shown in the timetable provided under the Safety and security Law of 2018.
To determine the Month-to-month Wage Credit score, you will certainly be referring to the Upgraded SSS Contribution table or the SSS Contribution Schedule. There are five (5) tables in various classifications, Table for Routine Companies as well as Staff Members, for Freelance participants, for voluntary participants and also non-working Partner, for household employers and also kasambahay, as well as Table for Overseas Filipino Workers (OFW).
For instance, if you are a volunteer member and paying Php390.00 monthly contribution, your Month-to-month Income Credit would certainly be Php3000.00.
If you are an employee and also your mirrored monthly contribution on the pay slip is Php135, your overall month-to-month payment would be Php400.00, the most affordable monthly contribution for a staff member, given that your company is paying the rest of Php265.00 as their share. Your Monthly Salary Debt would certainly be Php3000.00. So approximately, your payment ranges from Php3,250.00 and also below.
As well as if your shown monthly contribution on the payslip is Php1,125.00, your overall regular monthly payment would certainly be Php3,280, the greatest regular monthly payment for an employee. Then your Regular Monthly Income Credit Report would certainly be Php25,000, and your settlement ranges from Php24,750 as well as over. So supposing your payment is Php40,000, your Regular Monthly Wage Credit rating would certainly additionally be Php25,000.
Important note. Always refer to the update SSS Contribution Schedule.
Determine the Multiplier Depending on the Type Of Pregnancy
Determine the Average Daily Salary Credit (ADSC)
To get Average Daily Income Credit report, separate the amount of the women participant's six (6) highest possible Month-to-month Salary Credit scores in the twelve months right away coming before the semester of contingency by 180.
---- FORMULA---
Average Daily Salary Credit (ADSC) = amount of the six (6) highest month-to-month wage credits within the needed twelve months (leaving out the semester of backup)/ 180 days or equal to 6 (6) months.
SSS Maternity Benefit = ADSC x multiplier (variety of days depending on the kind of pregnancy)
Step by Step How to Compute SSS Maternity Benefit
1. Based upon your month-to-month payment, establish the greatest 6 (6) regular monthly salary credit reports.
2. Get the Typical Daily Salary Credit rating by including the greatest 6 (6) month-to-month wage credit rating and dividing it by 180.
3. Last but not least, multiply the Typical Daily Income Debt by the authorized duration of pregnancy leave.
-- SAMPLE COMPUTATION--
Example 1:
From the offered data over, if the volunteer participant's live childbirth, miscarriage, or emergency situation pregnancy discontinuation occurred within the very first quarter of contingency, January 1 to March 31, as well as paying Php390.00 monthly contribution, her Monthly Salary Credit from the called for twelve (12) month period would certainly be Php3,000.00.
-- CALCULATION--
Average Daily Salary Credit (ASDC) = 3000 + 3000 + 3000 + 3000 + 3000 + 3000/ 180
= 18,000/ 180
= Php100 per day
SSS Maternity Benefit for live childbirth
= 100 x 105 days
= Php10,500
SSS Maternity Benefits for miscarriage/emergency pregnancy discontinuation
= 100 x 60 days
= Php6,000
SSS Maternity Benefit for Solo parent
= 100 x 120 days
= Php12,000
Example 2: Regular Employee
Referring to the data provided above, allow us calculate just how much maternity benefit a female staff member ought to obtain if she goes through giving birth on the last quarter of backup, October 1-- December 31.
According to the formula of obtaining the Average Daily Salary Credit Report (ASDC), obtain the amount of the 6 (6) highest Regular monthly Salary Credit
--COMPUTATION--
Average Daily Salary Credit (ASDC) = 24,000 + 24,000 + 24,000 + 25,000 + 25,000 + 25,000/ 180
= 147,000/ 180
= Php816.6667 per day
SSS Maternity Benefits for live childbirth
= 816.6667 x 105 days
= Php85,750.00
SSS Maternity Benefits for miscarriage/emergency pregnancy discontinuation
= 816.6667 x 60 days
= Php49,000.00
SSS Pregnancy Benefit for Solo parent
= 816.6667 x 120 days
= Php98,000.00
What is the Importance of the Maternity Benefit Computation?
It is the right of every Filipino Woman to know the advantages of the Federal government executed Regulation, particularly if such a Law is for the welfare of Filipino kids as well as mommies. Understanding the Regulation is additionally significant as these Regulations can impact our every day lives.
As SSS members, we additionally should recognize and comprehend the benefits we can obtain as factors. There are numerous privileges you can obtain yourself of as an SSS member, especially the women workers. Nonetheless, it is vital to know just how you can avail of these opportunities as well as how advantages came up in a specific total up to identify any type of distinctions and problems. If so, you can promptly resolve the dispute to the marked individual or company.
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